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urbanhair
April 9, 2023
Question

Tips

  • April 9, 2023
  • 1 reply
  • 0 views

This question is for Canadian desktop users. I would like to know how to record credit card/debit tips that are paid to employees but not included in payroll. If I have enough cash at the end of the day they are paid cash, but sometimes I need to etransfer their tips. I'm not sure what accounts/items to set and the best way to do this so it does not show as income to the business.

1 reply

A
Amanda-B
April 10, 2023

Hey there urbanhair,

 

Thanks for reaching out to us here. Making sure you're recording your transactions properly is an essential step for maintaining clean books. I would be happy to point you in the right direction.


To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on creating these types of transactions. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with the right balance. If you do not have an accountant, you can find one near you by following this link.


If you have any other questions, feel free to reach out here.

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